NQ - Daily / Technical Damage Continues to Compound
NQ closed ~ 2800 Points of df its November Highs.
Confidence remains absent, the attempts to Buy
lower in Price has as be ab exercise in failure.
NQ's Daily Count and Structure requires a large retracement
in order to begin to reduce the Scope, Scale, and Velocity
within the Larger Weekly and Monthy Timeframes.
IN looking over those two charts, neither suggest it would be
wise to buy.
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Principled trading has reduced many senior participants to the Sidelines.
Liquidity cuts both days when the Selling ceases.
It would be surprising not to see an effort made to provide a relief rally.
_____________________________________________________
Tesla was an important EPS indication... the issue will be - does Apple
follow suit.
The pressure would be extraordinary.
Confidence remains absent, the attempts to Buy
lower in Price has as be ab exercise in failure.
NQ's Daily Count and Structure requires a large retracement
in order to begin to reduce the Scope, Scale, and Velocity
within the Larger Weekly and Monthy Timeframes.
IN looking over those two charts, neither suggest it would be
wise to buy.
___________________________________________________
Principled trading has reduced many senior participants to the Sidelines.
Liquidity cuts both days when the Selling ceases.
It would be surprising not to see an effort made to provide a relief rally.
_____________________________________________________
Tesla was an important EPS indication... the issue will be - does Apple
follow suit.
The pressure would be extraordinary.